Loan Agreement between Hallmark Venture Group, Inc. and Service Team Inc. dated August 25, 2011
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Summary
Hallmark Venture Group, Inc. agrees to provide loans to Service Team Inc. on an open account basis, with no interest charged. Service Team Inc. may repay the borrowed amounts as funds become available, without a fixed repayment schedule. The agreement is signed by the presidents of both companies and outlines a flexible, interest-free lending arrangement between the parties.
EX-10.2 2 ex10x2.htm EXHIBIT 10.2 ex10x2.htm
Exhibit 10.2
LOAN AGREEMENT
SERVICE TEAM INC
7121 Engineer Road
San Diego, California 92111
(855) 830-8111 FAX (858) 429--7665
August 25, 2011
N O T E
This Agreement made on the 25th day of August, 2011, between Hallmark Venture Group, Inc. and Service Team Inc.
Hallmark Venture Group, Inc. agrees to loan monies to Service Team Inc. from time to time on an open account basis. The money advances will be at no interest and may be repaid from time to time as funds from the company are available.
| Hallmark Venture Group, Inc. | |||
| | By: | /s/ Robert L. Cashman | |
| Robert L. Cashman, President | |||
| Service Team Inc. | |||
| | By: | /s/ Carlos Arreola | |
| Carlos Arreola, President | |||
